Healthcare Facilities Management Market To Rise At A Valuation Of $600 Million By 2024

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The Healthcare Facilities Management Market is expected to exceed more than US$ 600 Million by 2024 at a CAGR of 14% in the given forecast period.

The demand within the global Healthcare Facilities Management market is projected to increment at a formidable CAGR of 14% throughout the forecast period of 2017 to 2024, gaining traction from a number of factors, such as increasing government support for sturdy aid infrastructure during a number of rising economies, notably in Asia Pacific, prevalence of several chronic diseases, increasing disposable income of the urban population, and technological advancements both hard and soft services.

Cloud computing and also the internet of Things are also expected to open new opportunities for the vendors operating within the global Healthcare Facilities Management market, who are yet to explore vast unmet demand in rural areas across the world.

The scope of the report includes a detailed study of Healthcare Facilities Management Market with the reasons given for variations in the growth of the industry in certain regions. The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market.

Key players profiled in the report ABM, Aramark, Ecolab USA Inc, Founders3 Real Estate Services, ISS World Services A/S, Jones Lang LaSalle, IP, Inc, Medxcel Facilities Management, Mitie Group PLC, OCS Group and Sodexo. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Healthcare Facilities Management Market is segmented on the lines of Service Type and Regional Analysis. By Service Type this market is segmented on the basis of Hard Services its covers Plumbing, Air Conditioning Maintenance, Fire Protection Systems, Mechanical and Electrical Maintenance and Others. And Soft Services its covers Cleaning and Pest Control, Laundry, Catering, Waste Management, Security and Others.

By Regional Analysis this market is segmented on the basis of North America, Europe, Asia-Pacific and Rest of the World.

The report provides:

1. An overview of the global market for Healthcare Facilities Management Market and related technologies. Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
2. Identifications of new market opportunities and targeted promotional plans for Healthcare Facilities Management Market.
3. Discussion of research and development, and the demand for new products and new applications.
4. Comprehensive company profiles of major players in the industry.

Reasons to get the report:

1. Obtain the most up to date information available on all Healthcare Facilities Management Market.
2. Identify growth segments and opportunities in the industry.
3. Facilitate decision making on the basis of strong historic and forecast of Healthcare Facilities Management Market.
4. Assess your competitor’s refining portfolio and its evolution.

Click here to browse the full report  of the Healthcare Facilities Management Market By Service Type (Hard Services, Soft Services) and by Regional Analysis – Global Forecast by 2018 – 2024 or request a sample report,  

 

Source: MarketWatch

Children’s Health Purchases 72-Acres In Prosper With Plans For Medical Campus

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The nation’s eighth largest pediatric healthcare provider has purchases 72 acres in Prosper with plans to build a medical campus in the quickly growing suburb.

(Rendering Credit: Courtesy of: Children’s Health and HKS)

The medical center will be just a stone’s throw from Cook Children’s North Campus, which is also being built in Prosper and will partly open this fall. The facility will continue Children’s Health northward expansion into Denton County after it opened Children’s Health Plano in 2008. There will be pediatric healthcare services at the site, which is at Highway 380 and the Dallas North Tollway, and will include corporate, hospitality, and retail products on the community medical campus.

Children’s Health is in the process of selecting a master developer for the non-healthcare related development, which includes public-private partnerships with Prosper. The land was purchased from Matthews Southwest and was part of the company’s 177-acre mixed-use development.

Prior to the purchase, Children’s Health became a sponsor of Prosper ISD with a 10-year deal to be its official pediatric healthcare partner, which includes naming rights to the school district’s yet-to-be-opened athletic complex.

“Prosper is regionally significant and integral to the long-term strategy of Children’s Health,” said Jeremiah Radandt, executive vice president of the Northern Market for Children’s Health via release. “We have always sought-after the best ways to serve and invest in the community. By building this unique medical campus, we are broadening how we bring health care to North Texans, and better serving the needs of our patients for the future.”

“Children’s Health is one of the region’s most respected and distinguished health care providers, and the town of Prosper is excited it has made a commitment to our community,” said Mayor Ray Smith with the town of Prosper via release. “We look forward to a long-term relationship with Children’s Health. The project will offer high quality health care for our younger residents as well as the benefit of high-end commercial development at one of Prosper’s key intersections for economic growth.”

 

Source: D CEO Healthcare

Life Sciences Space Continues To Be In High Demand, With Low Vacancies And Rising Rents

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Expansion in medical research around DNA is driving growth in the biotech sector and boosting demand for life science space.

Advances in technology over the last decade changed the way medical scientists work, first modeling their theories or ideas on computers before taking them to the bench, according to Steve Purpura, vice chairman of the Boston consulting practice and lead/director of the life sciences practice group with real estate services firm CBRE. As a result, the allocation of lab space in research facilities decreased from a 50:50 office to lab ratio a few years ago to 60:40 today, he notes.

This trend is likely to continue, according to Roger Humphrey, executive managing director and leader of the life sciences group with real estate services firm JLL. Commenting on JLL’s “Journey to the Next Gen Lab,” a report citing a trend toward greater agility in research space design, he noted that wet lab space in research facilities is shrinking, while flex and office space for computational science is growing as scientists spend more time analyzing data. The report shows that flexibility in lab space design and location is required to allow sudden shifts in research priorities and access to talent.

But aggregated demand for highly sophisticated lab space and cutting-edge pharmaceutical production facilities has exploded with expansion of the industry into personalized medicine and increased capital flowing to life science research and development. According to the most recent CBRE life science report, venture capital investments in life science are up 53 percent compared to 10 years ago.

The advent of personalized medicine has spawned a subset of life science industry incubators and early-stage companies focused on developing and manufacturing “small batch” pharmaceuticals, adding pressure to the demand for lab space within or nearby life science clusters, according to Frank Petz, managing director of JLL’s Boston-based capital markets group.

As a result, core life science markets—Boston-Cambridge, San Francisco, San Diego, the Raleigh-Durham Research Triangle and Seattle—are enjoying construction booms and growth in rents, which have escalated more than 50 percent over the last three years, according to the CBRE report.

The boom in funding has also increased competition and furthered the talent war between life science companies.

“The cost of rent is low on the list of their concerns,” says Petz. “It’s all about talent.”

Therefore, locations with premiere research universities and teaching hospitals outside core life science markets are also seeing construction of new research facilities, as life science firms seek STEM talent to fill the growing number of job vacancies.

According to the CBRE report, life science employment soared 23.5 percent to nearly 1.7 million workers between 2001 and 2016, compared to 10.2 percent for overall U.S. employment. Additionally, the rapid pace of technological advancement in the life science sector generated a 26 percent surge in biotech jobs between 2013 and 2016.

Urban markets with premiere universities and teaching hospitals, such as Philadelphia and New York City, have growing life science clusters because they offer the largest STEM talent pools, according to Purpura. While developers are replacing obsolete buildings in these markets with 10-story research facilities, office and industrial buildings in suburban markets, specifically San Diego and Raleigh-Durham, are being converted to lab space.

Humphrey also stresses the need to build flexibility into research space, so scientists can easily reconfigure workspaces to accommodate different types of research and facilitate collaboration with colleagues.

Mobile benches and unassigned workspaces, for example, allow for fast changes in personnel and type of work performed, he notes. In addition, hanging retractable electrical cords from the ceiling, so users aren’t limited to placing equipment against walls, and hiding technical infrastructure behind facades can allow easy movement of people and equipment.

 

Source: NREI